The evolution of residential PV in China

China is the largest residential PV market in the world, and this trend is only expected to strengthen in the next few years. By July 2021, China’s cumulative installed residential PV capacity had reached more than 30 GW, with a total of 1.864 million residential units hosting solar PV systems. IHS Markit’s Holly Hu looks behind these impressive numbers.

Issue 10–2021
10012_Mainland_China_trend_1sp

IHS Markit

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